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Activision Blizzard's shares fell after the video-game maker forecast that 2011 sales would fall short of analysts' estimates and announced that it would cease creating Guitar Hero games because of lackluster sales.

Sony (SNE) unveiled its new PlayStation Portable device, the Next Generation Portable Entertainment System, or NGP.
The hand-held device has greater motion sensitivity and allows gamers to connect with other users online, Sony said in a statement. The company plans to release the device at the end of 2011.

Microsoft Corp (MSFT) says it sold more than 8 million Xbox Kinect motion-sensing game system in the first 60 days since launch, easily beating the company%u2019s target of 5 million.
The sales of the Kinect also top that of Sony Corp%u2019s (SNE) competing Move system, Reuters said. Sony sold 4.1 million units of Move in its first two months. That figure does not take into account the peak December holiday shopping month.

An armed man stole as much as $2 million in casino chips from Las Vegas' Bellagio hotel-casino early Tuesday morning, then escaped, the Associated Press reported, citing Las Vegas police officials. No shots were fired and no one was injured.

Microsoft Corp. (MSFT) said it sold more than 2.5 million units of Kinect for Xbox 360 in just 25 days.
Strong sales over the Black Friday weekend boosted sales for the controller-free games and entertainment system, Microsoft said.

Microsoft (MSFT) sold more than 1 million of its hands-free Kinect gaming system in the first 10 days after its launch.
Microsoft is hoping the Kinect, which plugs into an Xbox and lets you play games just by moving your body or speaking commands, will help boost Xbox sales and fend off competition from Nintendo (NTDOY) and Sony (SNE).

Sony Corp. (SNE) will slash the price of its PSPgo portable game player ahead of the holiday period.
The company will cut the price of the PSPgo to $199 from $249 in the United States and to 16,800 yen ($207) from 26,800 yen in Japan, Reuters said.

Sony Corp (SNE) forecast "very, very strong" holiday sales for its video-game consoles in Europe, with high demand for the PlayStation 3.
Andrew House, head of Sony Computer Entertainment Europe, said that European sales will help Sony exceed its target of selling 15 million PS3s in its fiscal year.

Panasonic (PC) will re-enter the portable gaming market after more than a decade with a hand-held device called "The Jungle."
The device will be a clamshell, with a screen on one side and a keyboard on the other, TechCrunch reported.

The Walt Disney Company%u2019s (DIS) Internet chief resigned following a difficult tenure that included several shifts in strategy.
Steve Wadsworth, president of the Disney Interactive Media Group, resigned last night, The New York Times reported.

Sales of digitally-downloaded video games are surging this year as cashed-strapped gamers buy fewer new titles from retailers in favor of cheaper games that may be purchased online. Game downloads saw a 37% rise in the first six months of 2010.

Microsoft Corp. (MSFT) sold $200 million worth of its new videogame "Halo: Reach" on the game%u2019s launch day earlier this week.
The game, the latest in the Halo series that pits human beings in combat against aliens, had the strongest first-day sales of any game or movie this year, Reuters reported.

How much faith can you put in online reviews?
A recent settlement suggests you may have reason to be wary.
A California marketing company settled charges that it engaged in deceptive advertising by getting its employees to write favorable reviews of clients%u2019 games on the Apple (AAPL) iTunes Store, The New York Times reported. The reviews did not mention that the authors were being paid to write approving comments.